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Gov t focusing on addressing hunger, generating jobs, reviving economy – Go – Manila Bulletin

Implement National ID to expedite economic recovery – Lacson

DA chief assures agriculture sector s rebound in 2021

Press Release - Lacson: Full Implementation of National ID to Speed Up Economic Recovery

Press Release A full implementation of the Philippine Identification System (National ID) Act will speed up the country s economic recovery following a 9.5-percent contraction in 2020 due to the COVID-19 pandemic, Sen. Panfilo M. Lacson said. Lacson, one of the authors and the principal sponsor of the measure in the Senate, said the National ID system will promote financial inclusion and streamline government services - both of which are needed at this time. The lack of identification creates formidable barriers for the downtrodden and the poor, and creates even larger barriers between the government and the people. Hence, we should push for the implementation of the National ID if we want to further strengthen our response not only against the pandemic, particularly in the roll-out of the much-awaited vaccines, but in many of our future endeavors, he said at the third annual economic and political briefing of the Colegio de San Juan de Letran Graduate School.

Factory prices decline slower

Factory prices decline slower Czeriza Valencia © STAR/File Factory prices decline slower MANILA, Philippines Factory gate prices declined at a slower pace in December as growth was seen in six industry groups, the Philippine Statistics Authority (PSA) said. The Producer Price Index (PPI) for December 2020 declined at an annual rate of 2.4 percent, slower than the annual contraction of 3.2 percent in November. The annual decline in the PPI in December was attributable to the negative growth rates in the indexes of 14 industry groups led by paper and paper products as well as petroleum products which posted annual declines of 10.2 percent and 6.8 percent, respectively.

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